SWX Q3 2025 Earnings — Southwest Gas Holdings, Inc. Revenue & Financial Results | Market Cap Arena

SWXSouthwest Gas Holdings, Inc.

$6B

Q3 2025 Earnings

Utilities Regulated Gas

Income Statement

Revenue

$317M-11.8% YoY

Gross Profit

$139M44.0% margin

Operating Income

$37M11.7% margin

Net Income

$270M85.3% margin

EPS (Diluted)

$3.74

QoQ Revenue Growth

-71.7%

Cash Flow

Operating Cash Flow

$57M

Free Cash Flow

-$106M

Stock-Based Comp.

-$1M

Balance Sheet

Total Assets

$10.3B

Total Liabilities

$6.4B

Stockholders' Equity

$3.9B

Cash & Equivalents

$779M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$317M	$359M	-11.8%
Gross Profit	$139M	$117M	+19.6%
Operating Income	$37M	$20M	+83.9%
Net Income	$270M	$289,000	+93490.3%

Revenue Segments

Natural Gas Distribution Segment

$317M100%